How Canada is Losing Money Selling Legal Weed
Canada recently legalized marijuana and everyone’s super excited. Could Canada become the world’s next Amsterdam? Maybe. But they’re going to have to figure a few things out first.
No matter what your opinion on the legalization of marijuana is, you have to admit that making weed legal will have some positive economic effects. While the cultural impact is certainly debatable, there are other things Canada seems to have missed.
By legalizing the drug, you take a corner on the market away from clandestine drug dealers who are often violent and who can cut the drug with whatever strikes their fancy. By legalizing it, you open new opportunities for those who would seek licensing to sell it legally. It gives governments the opportunity to scrape tax revenue off the top. And it makes medical providers able to benefit from a drug trade that was previously only open to criminals.
All of these examples are just the tip of the iceberg when it comes to the many ways a new legal weed industry could be great for the economy. It basically means opening up a new avenue of trade. There’s no way it should be a drag on the economy.
Nevertheless, Canada has actually managed to find a way to lose money by legalizing grass. No, we don’t know how either. Fortunately, there’s help.
Here’s Sheila Gunn of the Canadian Rebel Media to help us understand how Justin Trudeau’s government figured out a way to make grass a burden on the economy — despite it having the opposite effect in parts of the United States.
~ Liberty Video News
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